Analyst: Lagarde has not repeated the phrase "comfort zone" yet, possibly to avoid being bound by specific wording.

Analyst Divyang Shah said that European Central Bank President Lagarde no longer repeats the description of the European Central Bank being in a "comfort zone". Instead, she is currently emphasizing various risks and stating that the European Central Bank's position is "overall balanced". In the following Q&A session, Lagarde may still choose to repeat the phrase "comfort zone", but so far she has not done so. This may be because the European Central Bank does not want to be constrained by specific wording, in order to avoid causing excessive market impact when it eventually needs to change its policy.